Abu Dhabi Future Energy Company PJSC – Masdar (“Masdar”), the UAE’s clean energy leader, announced today that it has reached a definitive agreement with GEK TERNA SA (GEKTERNA.AT) and other shareholders of TERNA ENERGY SA (TENERGY.AT), with the intention to acquire initially 67% of the company’s outstanding shares at completion of the transaction, subject to regulatory approvals and other conditions. After completion of the transaction, Masdar will launch an all-cash mandatory tender offer to acquire all the remaining outstanding shares of the company with the intention of reaching 100%.
In 2023, a total of 314 governmental and private schools joined the internationally recognised Sustainable Schools Initiative (SSI), which was launched by the Environment Agency – Abu Dhabi (EAD) in 2009.
The programme helps harness the culture of sustainability, promote eco-friendly practices, educate school students to measure their environmental impact, inspire them to drive change, and empower them to be socially responsible in the future.
Al Yah Satellite Communications Company (Yahsat), the UAE’s flagship satellite solutions provider, (ADX trading Symbol: YAHSAT), announces that it has been ranked in the top ten most sustainable companies in the Middle East, according to the S&P Global ESG Scores. Yahsat has sealed the 6th and 3rd positions in the Middle East and the UAE rankings respectively.